Upwork stock
UPWKNASDAQUpwork Inc., IndustrialsISIN US91688F1049
71Score 71 out of 100, Strong
Price and trend
63 / 100
Price history
−42% in one yearThe chart shows daily closes over 8 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 2.6% below it.
Since March 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 57).
The price is 55% below its 52-week high. Largest decline in 8 years: 87% (July 2021 to May 2023).
Chart figures for advanced users
- SMA 50$8.83
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$10.13
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)57
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$7.84
- The lowest closing price of the last twelve months.
- Resistance$22.11
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Upwork Inc. belongs to the Staffing & Employment Services industry (United States) and, with a market value of $1.24B, is number 9 of 19 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $787.78M (up 2.4% year on year) and earnings of $115.43M (down 46.5%).
- For fiscal 2026, analysts expect on average revenue of $746.6M (down 5.2%) and adjusted earnings per share of $1.46 (up 43.3%).
Show more
- MEQIRI Score 71 out of 100 (Strong): rank 176 of 1023 in Industrials, median 61.
- The P/E is 12 (Staffing & Employment Services median 18.3, own median of recent years 22.8).
- Our model puts fair value at $19.46, with the price 50% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Below fair valuePrice 50% below the fair value of $19.46.Valuation 91
- High return on capitalReturn on invested capital 29.7% in fiscal 2025, Staffing & Employment Services median 5.2%.Profitability 82
- More cash than debtCash $304.33M, financial debt $18.02M.Stability 80
Weaknesses
- Share price fell sharplyDown 45% over the last 12 months.Momentum 55
- Analysts expect falling earningsDown 5% a year through 2028 (estimates from 4 analysts).
- Volatile share priceVolatility 58% a year over the last 12 months.
Its standout strengths are valuation and profitability.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- price far below its 52-week high
- high price swings
What lowers it
- price not overheated over the past year
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $13.90 and expensive above $32.44 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $23.95 (cash-flow model) and $14.98 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $17.54, at 7.8% it would be $22.35.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (18.3).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 1.2% on the twelve months before. Revenue has grown strongly since 2016, at around 19% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 78%, operating 16%, net 15%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Feb 2027in 97 days
- Last reported
- 2 Nov 2026EPS reported $0.40 (expected $0.31)above expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 18.5% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $1.46+5.2%
- Revenue
- $746.6M+0.6%
- Earnings per share
- $1.11−18.5%
- Revenue
- $706.62M−4.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook lowered
Share price after the results: −13.5%2026 revenue guidance reduced to $730 to $750 million because AI and macro headwinds persisted through Q2 and into Q3.
“For the full year 2026, we now expect revenue in the range of $730 million to $750 million.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 10 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 4 insiders sold, $2.62M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Kappus Anthony RaySale
19 Oct 2026, GM & Chief Operating Officer
- Shares
- 559
- Price
- $8.43
- Value
- $4,712
- Mekhalfa SabrinaSale
18 Sept 2026, Chief Accounting Officer
- Shares
- 1,299
- Price
- $8.45
- Value
- $10,978
- Kappus Anthony RaySale
18 Sept 2026, GM & Chief Operating Officer
- Shares
- 45,732
- Price
- $8.45
- Value
- $386,472
Show 12 more
- Gessert EricaSale
18 Sept 2026, Chief Financial Officer
- Shares
- 9,336
- Price
- $8.45
- Value
- $78,897
- Brown HaydenSale
18 Sept 2026, President & CEO
- Shares
- 23,893
- Price
- $8.45
- Value
- $201,917
- Brown HaydenSale
18 Aug 2026, President & CEO
- Shares
- 73,241
- Price
- $8.43
- Value
- $617,177
- Gessert EricaSale
18 Aug 2026, Chief Financial Officer
- Shares
- 22,844
- Price
- $8.43
- Value
- $192,477
- Kappus Anthony RaySale
18 Aug 2026, GM & Chief Operating Officer
- Shares
- 1,964
- Price
- $8.43
- Value
- $16,548
- Kappus Anthony RaySale
18 Jul 2026, GM & Chief Operating Officer
- Shares
- 558
- Price
- $9.06
- Value
- $5,053
- Gessert EricaSale
18 Jun 2026, Chief Financial Officer
- Shares
- 9,169
- Price
- $8.15
- Value
- $74,734
- Mekhalfa SabrinaSale
18 Jun 2026, Chief Accounting Officer
- Shares
- 1,276
- Price
- $8.15
- Value
- $10,401
- Brown HaydenSale
18 Jun 2026, President & CEO
- Shares
- 23,468
- Price
- $8.15
- Value
- $191,281
- Kappus Anthony RaySale
18 May 2026, GM & Chief Operating Officer
- Shares
- 1,905
- Price
- $8.66
- Value
- $16,504
- Gessert EricaSale
18 May 2026, Chief Financial Officer
- Shares
- 22,162
- Price
- $8.66
- Value
- $191,998
- Brown HaydenSale
18 May 2026, President & CEO
- Shares
- 72,546
- Price
- $8.60
- Value
- $623,800
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Upwork
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
1023 rated companies in Industrials
- This company
- 71
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Staffing & Employment Services
The next larger and next smaller companies by market value
- Korn FerryKFY $4.15B81
- TriNet GroupTNET $3B65
- ManpowerGroupMAN $2.14B58
- InsperityNSP $1.91B49
- KforceKFRC $986.55M67
- Grupa PracujGPP.WA $913.94M82
- Barrett Business ServicesBBSI $736.9M60
- SynergieSDG.PA $708.25M63
ETFs that hold Upwork
Held by 16 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.07% | 0.30% | €2.28B |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.05% | 0.30% | €185.82M |
| iShares Digitalisation UCITS ETF2B79 | 0.05% | 0.40% | €726.22M |
Show 5 more
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.04% | 0.30% | €2.17B |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.04% | 0.30% | €4.22B |
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.04% | 0.39% | €1.47B |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.03% | 0.43% | €2.48B |
| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.03% | 0.30% | €944.34M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 7 Nov 2026, previously Neutral
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.